Comerica Bank boosted its holdings in shares of Wageworks Inc (NYSE:WAGE) by 11.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 58,897 shares of the business services provider’s stock after acquiring an additional 6,228 shares during the quarter. Comerica Bank’s holdings in Wageworks were worth $3,567,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. TimesSquare Capital Management LLC boosted its holdings in Wageworks by 7.9% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,615,179 shares of the business services provider’s stock valued at $158,741,000 after acquiring an additional 192,295 shares during the period. DF Dent & Co. Inc. boosted its holdings in Wageworks by 10.8% during the 3rd quarter. DF Dent & Co. Inc. now owns 1,690,718 shares of the business services provider’s stock valued at $102,627,000 after acquiring an additional 165,179 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in Wageworks by 12.1% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,196,846 shares of the business services provider’s stock valued at $74,204,000 after acquiring an additional 128,960 shares during the period. Riverbridge Partners LLC boosted its holdings in Wageworks by 41.8% during the 4th quarter. Riverbridge Partners LLC now owns 1,117,403 shares of the business services provider’s stock valued at $69,279,000 after acquiring an additional 329,291 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in Wageworks by 11.4% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,041,870 shares of the business services provider’s stock valued at $63,242,000 after acquiring an additional 106,262 shares during the period.
In other Wageworks news, Director John William Larson sold 30,500 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $63.76, for a total value of $1,944,680.00. Following the completion of the sale, the director now directly owns 42,930 shares in the company, valued at approximately $2,737,216.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.54% of the stock is currently owned by corporate insiders.
A number of equities analysts recently issued reports on the company. ValuEngine cut Wageworks from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. BidaskClub cut Wageworks from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Stifel Nicolaus restated a “buy” rating and set a $80.00 price objective (down previously from $85.00) on shares of Wageworks in a report on Thursday, November 9th. Finally, Zacks Investment Research upgraded Wageworks from a “sell” rating to a “hold” rating and set a $70.00 price objective for the company in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $79.75.
Shares of Wageworks Inc (NYSE WAGE) opened at $57.00 on Friday. Wageworks Inc has a 1-year low of $54.45 and a 1-year high of $80.50. The firm has a market capitalization of $2,245.41, a price-to-earnings ratio of 48.72, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 1.38.
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Wageworks Company Profile
WageWorks, Inc is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits.
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